Stocks Fall Big on Stock Market Today: SNSS, UVXY, MWW, AEZS, KERX, BVSN

Wall Street

Stocks are taking a licking today as Greek fears sends the Dow down more than 200 points. Greece is just one of many worries investors are facing right now including slower growth in China and in Europe. Even gold, which is seen as a flight to safety, is getting hit hard today. Oil prices are also dropping today and are currently around $105/barrel, down from nearly $110 last week.

There are some positive stocks in the stock market, but they are few and far between. Let’s take a quick look at some of the more active stocks today.

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) is up 17.65% this afternoon at $2.40. Analysts coverage was initiated today on SNSS by Canaccord Genuity and has a buy rating right now. Volume is well above average today with over 1.8 million shares traded, the stock trades about 156 thousand shares a day on average. The company has a market cap of 113.51 million.

ProShares Trust Ultra VIX Short (NYSEARCA:UVXY) is up 14.29% today at $6.0790. UVXY is a volatility fund that follows the VIX (fear indicator). As the market goes down, the VIX goes up and in turn UVXY. UVXY has traded 11.3 million shares so far today, well above its daily average of 1.4 million shares.

Monster Worldwide, Inc. (NYSE:MWW) is up 8.78% this afternoon at $8.18. MWW is up on large volume with 11.6 million shares traded, well above its daily average around 4 million shares. Monster shares are higher today on news the company has retained financial advisors to consider its options. The company has a market cap of 973.95 million.

AEterna Zentaris, Inc. (NASDAQ:AEZS) is down 13.02% today at $1.87. AEZS has traded 5.9 million shares so far today, about 6 times its average volume. AEZS shares are falling back to earth today after jumping yesterday. The company has a market cap of 190.61 million.

Keryx Biophamraceuticals, Inc. (NASDAQ:KERX) is down 11.74% this afternoon at $4.36. KERX has traded 9.6 million shares so far today, well above its daily average volume. KERX shares fell today after seeing a big bounce yesterday following rumors that its drug will be approved. These rumors came from an article posted on Seeking Alpha claiming that drug approval was “practically a done deal.” This article was the same reason AEZS popped. The company has a market cap of 307.53 million.

BroadVision, Inc. (NASDAQ:BVSN) is down 7.59% today at $46.88. BVSN has traded 1.8 million shares so far today, well above its daily average of 538 thousand shares. BVSN shares are dipping following a rally over the past couple of weeks. The company has a market cap of 202.36 million.

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About Kyle Pinder

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.

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